Bank Julius Baer & Co. Ltd Zurich Invests $107,000 in STMicroelectronics (NYSE:STM)

Bank Julius Baer & Co. Ltd Zurich bought a new position in STMicroelectronics (NYSE:STM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,870 shares of the semiconductor producer’s stock, valued at approximately $107,000.

Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in STMicroelectronics during the 3rd quarter valued at approximately $25,000. Archer Investment Corp bought a new position in STMicroelectronics during the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC increased its position in STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after buying an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in STMicroelectronics during the 4th quarter valued at approximately $31,000. Finally, Smartleaf Asset Management LLC increased its position in STMicroelectronics by 225.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock valued at $33,000 after buying an additional 921 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

Wall Street Analyst Weigh In

STM has been the subject of a number of analyst reports. Sanford C. Bernstein lowered STMicroelectronics from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $33.00 to $26.00 in a research report on Wednesday, February 5th. Jefferies Financial Group upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Susquehanna cut their target price on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a research note on Friday, January 31st. BNP Paribas started coverage on STMicroelectronics in a research note on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 target price on the stock. Finally, Bank of America downgraded STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.26.

STMicroelectronics Stock Performance

STM stock opened at $24.97 on Wednesday. The company has a market cap of $22.56 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. STMicroelectronics has a 1 year low of $21.36 and a 1 year high of $48.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The stock’s fifty day moving average price is $24.75 and its 200-day moving average price is $26.41.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. On average, equities analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current year.

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.